hedgeroll

Below is a very lengthy (over 1 hour) talk by Buffett at the University of Florida in 1998. It is significant because of its length and the discussion of his involvement with Long Term Capital Management. He also waxes poetic for his love of Coca-Cola, both the stock and the beverage. After some introductions, "the Oracle of Omaha" begins speaking at the 3:15 mark.

Here at Schenley Park Advisors we believe Hedge Fund ETF's, the low cost & liquid cousin of the private investment vehicles, can be valuable to investors...if they select the right ones. Like anything else, some choices are much better than others. Our Fund of Funds strategy invests in the highest quality Hedge Fund ETF's for our clients.

A sure sign of a bubble is when the average investor becomes enthralled with speculating in a market which they previously had no experience. The New York Fed examines this phenomena in “Flip This House”: Investor Speculation and the Housing Bubble. "At the peak of the boom in 2006, over a third of all U.S. home purchase lending was made to people who already owned at least one house. In the four states with the most pronounced housing cycles, the investor share was nearly half—45 percent."I like to call this the "Uncle Joe" indicator. When your Uncle Joe tells you to invest in Condos, Gold, or Internet Companies; its time to start selling.